SPOT rates for shipping containers from
Asia to northern Europe in the week ending Friday fell a further 7.2 per
cent to US$593 per TEU, and have now lost an alarming 22 per cent in
The Shanghai-Mediterranean rates also lost more ground, slipping a further 6.9 per cent to $742 per TEU, according to the Shanghai Containerised Freight Index (SCFI), reports London's Loadstar.
Carriers on the transpacific appear to have had some success in stemming
the spot rate decline. Shanghai-US west coast rates were stable at
$1,328 per FEU while China-US east coast were at $2,346 per FEU.